RBI imposes Rs.30 Million penalty on IndusInd Bank

RBI imposes Rs.30 Million penalty on IndusInd Bank

Reserve Bank of India imposes a penalty of Rs.3 Crores on the private sector lender IndusInd Bank for non compliance with RBI guidelines and directions. RBI in a press release on on 13-12-17 stated that The Reserve Bank of India (RBI) has imposed on December 12, 2017,...
9 Executive Directors appointed in Public Sector Banks

9 Executive Directors appointed in Public Sector Banks

On the recommendations of Bank Board Bureau, Appointment Committee of Cabinet has elevated 9 General Managers to Executive Directors in different Public Sector Banks. Two GMs have been elevated to Executive Director post in the same Bank. 1. Bajrang Singh Shekhawat,...
Bank Strike on 22 August 2017

Bank Strike on 22 August 2017

UFBU has called all India Bank Strike on 22nd August 2017. A meeting of UFBU was held at Mumbai on 28th June 2017 to discuss and decide on the further course of action on the present moves of the Government against the Public Sector Banks and also the wage revision...
15 GMs recommended for ED Post by Bank Board Bureau

15 GMs recommended for ED Post by Bank Board Bureau

15 General Managers of Public Sector Banks have been recommended by Banks Board Bureau to the Government of India for the post of Executive Directors in Public Sector Banks. These recommendations are based on interactions held by the Banks Board Bureau with eligible...
200 rupees notes printing started by RBI

200 rupees notes printing started by RBI

Soon you’ll see a 200 rupees currency note in market. For the first time Rs.200 note will be introduced. RBI has cleared the proposal and placed order for printing of new 200 rupees notes. These notes will be printed in one of the Government owned facility. The...

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